27-103-125. The proposed budget of each state agency shall show the amounts
required for operating expenses separately from the amounts required for
permanent improvements. The overall
budget shall show, separately by each source, the estimated amount of general
fund revenue and of special fund revenues of general fund agencies. The total proposed expenditures in Part 1 of
the overall budget shall not exceed the amount of estimated revenues that will be available in the general and
special funds for appropriation or use during the succeeding fiscal year,
including any balances that will be on hand in the general and special
funds at the close of the then current fiscal year. * * * The
total proposed expenditures from the State General Fund in Part 1 of the
overall budget shall not exceed ninety-eight percent (98%) of the amount of
general fund revenue estimate for the succeeding fiscal year, plus any
unencumbered balances in general funds that will be available and on hand at
the close of the then current fiscal year.
However, for fiscal years 2004, 2005 and 2006 only, the
total proposed expenditures from the State General Fund in Part 1 of the
overall budget shall not exceed one hundred percent (100%) of the amount of the
general fund revenue estimate for the succeeding fiscal year, plus any
unencumbered balances in general funds that will be available and on hand at
the close of the then current fiscal year.
The general fund revenue estimate shall be the estimate jointly adopted
by the Governor and the Joint Legislative Budget Committee. Unencumbered balances in general funds that
will be available and on hand at the close of the current fiscal year shall not
include projected amounts required to be deposited into the Working Cash-Stabilization
Reserve Fund under Section 27-103-203.
The Legislative Budget Office may recommend additional taxes or sources
of revenue if in its judgment those additional funds are necessary to
adequately support the functions of the state government.

27-103-139. On or before November 15 preceding each regular session of the
Legislature, except the first regular session of a new term of office, the
Governor shall submit to the members of the Legislature, the Legislative Budget
Office or the members-elect, as the case may be, and to the executive head of
each state agency a balanced budget for the succeeding fiscal year. * * *
The budget submitted shall be prepared in a format that will include performance measurement
data associated with the various programs operated by each agency. The total proposed expenditures in the
balanced budget shall not exceed the amount of estimated revenues that will be
available for appropriation or use during the succeeding fiscal year, including
any balances that will be on hand at the close of the then current fiscal year,
as determined by the revenue estimate jointly adopted by the Governor and the
Legislative Budget Committee. * * * The total proposed
expenditures from the State General Fund in the balanced budget shall not
exceed ninety-eight percent (98%) of the amount of general fund revenue
estimate for the succeeding fiscal year, plus any unencumbered balances in
general funds that will be available and on hand at the close of the then
current fiscal year. However, for
fiscal years 2004, 2005 and 2006 only, the total proposed
expenditures from the State General Fund in the balanced budget shall not
exceed one hundred percent (100%) of the amount of the general fund revenue
estimate for the succeeding fiscal year, plus any unencumbered balances in
general funds that will be available and on hand at the close of the then
current fiscal year. The general fund
revenue estimate shall be the estimate jointly adopted by the Governor and the
Joint Legislative Budget Committee.
Unencumbered balances in general funds that will be available and on
hand at the close of the fiscal year shall not include projected amounts
required to be deposited into the Working Cash-Stabilization Reserve Fund and
the Education Enhancement Fund under Section 27-103-203.

The revenues used in preparing the balanced
budget shall be only those revenues that will be available under the general
laws of the state as they exist when the balanced budget is prepared, and shall
not include any proposed revenues that would become available only after the
enactment of new legislation. If the
Governor has any recommendations for additional proposed expenditures or
proposed revenues that are not included in his balanced budget, he shall submit
those recommendations in a supplement that is separate from his balanced
budget, and whenever the Governor recommends any such additional proposed
expenditures, he also shall recommend proposed revenues that are sufficient to
fund the additional proposed expenditures, providing specific details regarding
the sources and the total amount of those proposed revenues.

The Governor may employ a budget officer
for the purpose of receiving information from the State Fiscal Officer and
preparing his recommendations on the budget.
If the Governor determines that information received from the
State Fiscal Officer is not sufficient to enable him to prepare his budget
recommendations, he may request an appropriation from the Legislature to
provide additional staff within the Governor's Office for that
purpose. At the first regular session
after his election for Governor, the Governor shall submit any budget
recommendations plus the required revenue source recommendations no later than
January 31 of that year.

27-103-211. * * * The
total sum appropriated by the Legislature from the State General Fund for any
fiscal year shall not exceed ninety-eight percent (98%) of the general fund
revenue estimate for that fiscal year developed by the Tax Commission and the
University Research Center and adopted by the Joint Legislative Budget
Committee, plus any unencumbered balances in general funds that will be
available and on hand at the close of the then current fiscal year. The unencumbered balances in general funds
that will be available and on hand at the close of the fiscal year shall not
include projected amounts required to be deposited into the Working Cash-Stabilization
Reserve Fund under Section 27-103-203.
However, for fiscal years 2004, 2005 and 2006 only, the
total sum appropriated by the Legislature from the State General Fund shall not
exceed one hundred percent (100%) of the amount of the general fund revenue
estimate for that fiscal year, plus any unencumbered balances in general funds
that will be available and on hand at the close of the then current fiscal
year.

SECTION
4. This act shall take effect and
be in force from and after its passage.

Further,
amend by striking the title in its entirety and inserting in lieu thereof the
following:

AN ACT TO AMEND SECTIONS 27-103-125, 27-103-139
AND 27-103-211, MISSISSIPPI CODE OF 1972, TO REVISE THE PERCENTAGE LIMITATION
ON LEGISLATIVE APPROPRIATIONS FROM THE STATE GENERAL FUND FOR FISCAL YEARS 2005
AND 2006; AND FOR RELATED PURPOSES.